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Montage Gold grows Koné higher grade satellite resources to 1.7Moz at 1.5 g/t Au Indicated and 0.8Moz at 1.3 g/t Au Inferred
Satellite M&I grades range from 1.3-2.0 g/t Au ● Koné project M&I grade up 27% ● 90,000m drill programme underway
HIGHLIGHTS:
- M&I Resources for higher-grade satellite deposits at the Koné project have increased by 1.1Moz to 1.7Moz at 1.51 g/t Au compared to 520koz at 1.48 g/t Au which was used as a basis for the 2024 Updated Feasibility Study (“UFS”) whilst Inferred Resources for satellite deposits have increased from nil to 0.8Moz at 1.34 g/t Au
- Koné project overall M&I Resource increased by 1.4Moz to 6.3Moz, with grade up 27% to 0.80 g/t Au and Inferred Resources increased by 1.6Moz to 2.0Moz with grade up 36% to 0.68 g/t Au, compared to the basis used for the UFS
- Exceeded target set in October 2024 of delineating +1Moz of M&I Resources at a grade >50% higher than that of the Koné deposit (2024 M&I Resources stood at 0.59 g/t Au), with the goal of supplementing production from the onset
- Mineralization intercepted at 25 targets with a growing pipeline of +20 targets still to be drill tested, while 12 deposits have now been delineated compared to 2 in the 2024 UFS based on a disciplined exploration approach consisting of outlining starter resources to assess grade and size of targets to prioritize subsequent infill and step-out drilling efforts
- M&I Resource grades of new discoveries range between 1.3 to 2.0 g/t Au for notable deposits such as Petit Yao (1.51 g/t Au), Gbongogo South (1.47 g/t Au), Soman (1.42 g/t Au), Koban North (1.29 g/t Au), Sena (2.06 g/t Au), Diouma North (1.33 g/t Au), ANV (1.83 g/t Au), Yeré North (2.03 g/t Au), and Lokolo Main (1.92 g/t Au)
- Step-out and infill drilling has mainly focused on growing M&I Resources at the Gbongogo Main, Gbongogo South, Koban North and ANV deposits with M&I Resources standing at respectively 783koz at 1.51 g/t Au, 230koz at 1.47 g/t Au, 167koz at 1.29 g/t Au and 168koz at 1.83 g/t Au, with further exploration underway
- Maiden M&I Resource achieved for Petit Yao of 102koz at 1.51 g/t Au with maiden Inferred Resource of 391koz at 1.28 g/t Au, while drilling is ongoing and mineralised extensions have been identified
- Further resource updates are expected throughout the year with a 90,000-meter programme for the year well underway
- Construction of the Koné project remains on-budget and ahead of schedule with first gold pour targeted in late Q4-2026
Montage Gold Corp. (TSX: MAU) (OTCQX: MAUTF) is pleased to report that it has continued to make higher grade satellite discoveries at its Koné project, in Côte d’Ivoire, where construction remains on-budget and ahead of schedule with first gold pour targeted in late Q4-2026.
Martino De Ciccio, CEO of Montage commented: “We are pleased with our continued progress to unlock exploration value at the Koné project, where construction remains on-budget and ahead of schedule with first gold pour expected in late Q4-2026.
Since the publication of the 2024 Updated Feasibility Study, a total of approximately 330,000 metres has been drilled in addition to the 118,525 metres completed prior, focused on discovering higher-grade satellite deposits with the objective of enhancing the production profile of the operation from the commencement of production. In support of this objective, in October 2024 we published a target of delineating more than 1Moz of M&I Resources at a grade at least 50% higher than that of the Koné deposit, and we are very pleased to have already significantly exceeded this target.
We look forward to unlocking additional exploration value across the Koné project and our broader exploration portfolio as we continue on our journey of creating a premier multi-asset African gold producer and unlocking value for all stakeholders.”
Silvia Bottero, EVP Exploration of Montage, commented: “To maximize the efficiency of the exploration programme, we have adopted a systematic approach whereby we initially drill test the highest-priority targets to confirm their potential and define starter resources to validate grade profiles before undertaking larger infill and step-out drilling campaigns. As such, our ongoing exploration programme continues to focus on three parallel workstreams: infill and step-out drilling of previously delineated deposits, advancing targets towards maiden resource status, and testing new targets through regional scout drilling.
We look forward to continuing to aggressively advance exploration across the Koné project through the ongoing 90,000-meter drill programme, which we expect will support further resource updates throughout the year. Looking ahead, we are also excited by the ongoing exploration programmes across our broader Côte d’Ivoire portfolio, including at Didievi and Wendé.”
RESOURCE UPDATE AND EXPLORATION OVERVIEW
Since the publication of the 2024 Updated Feasibility Study, a total of approximately 330,000 metres has been drilled in addition to the 118,525 meters completed prior, focused on discovering higher-grade satellite deposits with the objective of boosting production from the onset. In support of this objective, a target of delineating over 1Moz of M&I Resources at a grade at least 50% higher than that of the Koné deposit (2024 M&I Resources stood at 0.59 g/t Au) was published in October 20241, which has now been significantly exceeded.
As shown in Table 1 below, M&I Resources for higher grade satellite deposits have increased by 1.14Moz to 1.66Moz at 1.51 g/t Au compared to 520koz at 1.48 g/t Au, which was used as a basis for the 2024 UFS whilst Inferred Resources for satellite deposits have increased from nil to 766koz at 1.34 g/t Au. As a result, the overall Koné project M&I Resource has now increased by 1.42Moz to 6.29Moz, with grade improving by 27% to 0.80 g/t Au, and Inferred Resources have increased by 1.62Moz to 2.03Moz, with grade increasing by 36% to 0.68 g/t Au, compare to the basis used for the 2024 UFS.
Table 1: Koné project consolidated Mineral Resource Estimate variance versus previous estimates
| UPDATED FEASIBILITY STUDY1 (Published January 2024) |
YEAR-END 2025 MRE2 (Published March 2026) |
UPDATED MRE3 (Published June 2026) |
Δ UFS1 vs. MRE3 | ||||||||||
| Tonnage | Grade | Content | Tonnage | Grade | Content | Tonnage | Grade | Content | Content | ||||
| (Mt) | (Au g/t) | (Au koz) | (Mt) | (Au g/t) | (Au koz) | (Mt) | (Au g/t) | (Au koz) | (Au koz) | ||||
| Koné deposit | |||||||||||||
| Measured | – | – | – | 8.6 | 0.83 | 229 | 8.6 | 0.83 | 229 | +229 | |||
| Indicated | 229 | 0.59 | 4,340 | 200 | 0.68 | 4,404 | 200 | 0.68 | 4,404 | +64 | |||
| Measured & Indicated | 229 | 0.59 | 4,340 | 209 | 0.69 | 4,632 | 209 | 0.69 | 4,632 | +292 | |||
| Inferred | 25 | 0.50 | 400 | 75 | 0.52 | 1,259 | 75 | 0.52 | 1,259 | +859 | |||
| Satellite deposits | |||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||
| Indicated | 11 | 1.48 | 520 | 29 | 1.34 | 1,249 | 34 | 1.51 | 1,660 | +1,140 | |||
| Measured & Indicated | 11 | 1.48 | 520 | 29 | 1.34 | 1,249 | 34 | 1.51 | 1,660 | +1,140 | |||
| Inferred | – | – | – | 8.8 | 1.07 | 303 | 18 | 1.34 | 766 | +766 | |||
| Total Koné Project | |||||||||||||
| Measured | – | – | – | 8.6 | 0.83 | 229 | 8.6 | 0.83 | 229 | +229 | |||
| Indicated | 240 | 0.63 | 4,870 | 229 | 0.77 | 5,652 | 236 | 0.80 | 6,064 | +1,194 | |||
| Measured & Indicated | 240 | 0.63 | 4,870 | 238 | 0.77 | 5,881 | 244 | 0.80 | 6,292 | +1,422 | |||
| Inferred | 25 | 0.50 | 400 | 84 | 0.58 | 1,562 | 93 | 0.68 | 2,025 | +1,625 | |||
| 1) Updated Feasibility Study available on Montage’s website and on SEDAR+. 2) Year-End 2025 MRE as disclosed in the Company’s press release dated March 30, 2026, available on Montage’s website and on SEDAR+. 3) Refer to note 3 on Table 2 and “Technical Disclosure” below for further details. | |||||||||||||
As shown in Figure 1 below, 12 deposits have now been delineated compared to 2 in the 2024 UFS, while mineralization has been intercepted at 25 targets with a growing pipeline of over 20 exploration targets remaining to be drill tested, across 7 mineralized trends.
Figure 1: Koné project exploration trends, target map and mineral deposits
In order to maximize the efficiency of the exploration programme, the approach undertaken has been to systematically drill test best selected targets to confirm their potential and define starter resources to validate grade profiles before undertaking larger step-out drilling campaigns. Table 2 below presents the updated Mineral Resource Estimate by deposit for all satellite deposits along with their status and current programme of exploration. Infill and step-out drilling efforts have progressed at the Gbongogo South, Koban North, Petit Yao and ANV deposits following the delineation of starter resources, with infill and step-out drilling expected to ramp-up at other selected deposits for which a starter resources have been declared.
Table 2: Koné project satellite deposits detailed Mineral Resource Estimate variance versus previous estimates
|
|
UPDATED FEASIBILITY STUDY1 (Published January 2024) |
YEAR-END 2025 MRE2 (Published March 2026) |
UPDATED MRE3 (Published June 2026) |
Δ YE MRE2 vs. MRE3 | |||||||||||
| Tonnage | Grade | Content | Tonnage | Grade | Content | Tonnage | Grade | Content | Content | ||||||
| (Mt) | (Au g/t) | (Au koz) | (Mt) | (Au g/t) | (Au koz) | (Mt) | (Au g/t) | (Au koz) | (Au koz) | ||||||
| Gbongogo Main | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | 11 | 1.48 | 520 | 16 | 1.51 | 783 | 16 | 1.51 | 783 | – | |||||
| Measured & Indicated | 11 | 1.48 | 520 | 16 | 1.51 | 783 | 16 | 1.51 | 783 | – | |||||
| Inferred | – | – | – | 1.2 | 1.08 | 41 | 1.2 | 1.08 | 41 | – | |||||
| Gbongogo South | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | 3.9 | 1.22 | 154 | 4.9 | 1.47 | 230 | +76 | |||||
| Measured & Indicated | – | – | – | 3.9 | 1.22 | 154 | 4.9 | 1.47 | 230 | +76 | |||||
| Inferred | – | – | – | 1.8 | 1.17 | 70 | 1.7 | 1.41 | 75 | +6 | |||||
| Koban North | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | 4.1 | 1.07 | 141 | 4.0 | 1.29 | 167 | +26 | |||||
| Measured & Indicated | – | – | – | 4.1 | 1.07 | 141 | 4.0 | 1.29 | 167 | +26 | |||||
| Inferred | – | – | – | 1.5 | 0.89 | 43 | 0.1 | 0.95 | 2.9 | (40 | ) | ||||
| Soman | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | – | – | – | 1.3 | 1.42 | 58 | +58 | |||||
| Measured & Indicated | – | – | – | – | – | – | 1.3 | 1.42 | 58 | +58 | |||||
| Inferred | – | – | – | – | – | – | 1.5 | 1.16 | 57 | +57 | |||||
| Sena | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | – | – | – | 0.36 | 2.06 | 24 | +24 | |||||
| Measured & Indicated | – | – | – | – | – | – | 0.36 | 2.06 | 24 | +24 | |||||
| Inferred | – | – | – | 0.42 | 1.00 | 14 | 0.7 | 2.36 | 54 | +40 | |||||
| Diouma North | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | 0.38 | 0.95 | 12 | 1.0 | 1.33 | 43 | +31 | |||||
| Measured & Indicated | – | – | – | 0.38 | 0.95 | 12 | 1.0 | 1.33 | 43 | +31 | |||||
| Inferred | – | – | – | 0.01 | 1.00 | 0.3 | 0.55 | 1.22 | 22 | +21 | |||||
| Petit Yao | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | – | – | – | 2.1 | 1.51 | 102 | +102 | |||||
| Measured & Indicated | – | – | – | – | – | – | 2.1 | 1.51 | 102 | +102 | |||||
| Inferred | – | – | – | – | – | – | 9.5 | 1.28 | 391 | +391 | |||||
| ANV | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | 4.0 | 1.05 | 136 | 2.9 | 1.83 | 168 | +32 | |||||
| Measured & Indicated | – | – | – | 4.0 | 1.05 | 136 | 2.9 | 1.83 | 168 | +32 | |||||
| Inferred | – | – | – | 3.3 | 1.09 | 117 | 1.2 | 1.99 | 79 | (38 | ) | ||||
| Yeré North | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | 0.19 | 1.05 | 6.4 | 0.4 | 2.03 | 28 | +21 | |||||
| Measured & Indicated | – | – | – | 0.19 | 1.05 | 6.4 | 0.4 | 2.03 | 28 | +21 | |||||
| Inferred | – | – | – | 0.43 | 1.10 | 15 | 0.1 | 1.39 | 3.1 | (12 | ) | ||||
| Lokolo Main | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | 0.30 | 1.61 | 16 | 0.50 | 1.92 | 31 | +16 | |||||
| Measured & Indicated | – | – | – | 0.30 | 1.61 | 16 | 0.50 | 1.92 | 31 | +16 | |||||
| Inferred | – | – | – | 0.11 | 1.10 | 3.9 | 0.83 | 0.82 | 22 | +18 | |||||
| Lokolo Northwest | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | – | – | – | 0.76 | 1.10 | 27 | +27 | |||||
| Measured & Indicated | – | – | – | – | – | – | 0.76 | 1.10 | 27 | +27 | |||||
| Inferred | – | – | – | – | – | – | 0.49 | 1.22 | 19 | +19 | |||||
| Total satellite deposits | |||||||||||||||
| Measured | – | – | – | – | – | – | – | – | – | – | |||||
| Indicated | – | – | – | 29 | 1.34 | 1,249 | 34 | 1.51 | 1,660 | +411 | |||||
| Measured & Indicated | – | – | – | 29 | 1.34 | 1,249 | 34 | 1.51 | 1,660 | +411 | |||||
| Inferred | – | – | – | 8.8 | 1.07 | 303 | 18 | 1.34 | 766 | +463 | |||||
| 1) Updated Feasibility Study available on Montage’s website and on SEDAR+. 2) Year-End 2025 MRE as disclosed in the Company’s press release dated March 30, 2026, available on Montage’s website and on SEDAR+. 3) The updated MRE is reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and follows the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards for Mineral Resources. The updated MRE was prepared by Mr. Rolly Wasonga, Qualified Person and employee of Montage, and reviewed and approved by Dr. Gregory Zhang, employee of Snowden Optiro, Australia, who is independent from Montage and a Qualified Person as defined by NI 43-101. The Updated MRE includes changes to the Koban North deposit, with an effective date of November 28, 2025; Gbongogo South, Diouma North and Petit Yao deposits, with an effective date of January 20, 2026; and the Sena, Soman, ANV, Yeré North, Lokolo Main and Lokolo Northwest deposits, with an effective date of April 15, 2026. The updated MRE for the Gbongogo South, Koban North, Soman, Sena, Diouma North, Petit Yao, Lokolo Main and Lokolo Northwest deposits are reported at a gold cut-off grade of 0.50 g/t Au, and the ANV and Yeré North deposits are reported at a gold cut-off grade of 0.60 g/t Au. All deposits are constrained with an optimised open-pit shell generated using a gold price of US$2,500 per ounce. The MRE for the Koné and Gbongogo Main deposits are unchanged from their previous estimates, as published on March 30, 2026, available on Montage’s website and on SEDAR+. The updated MRE is reported on a 100% basis. Rounding errors are apparent. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. See “Technical Disclosure” below for further details. |
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As shown in Figure 2 below, the Koné project exploration target triangle continues to evolve, with notable movement of targets up the triangle reflecting the improvement in their confidence as a result of the exploration programmes.
Figure 2: Koné project exploration target triangle evolution
Note: Refer to press release dated October 7, 2024, for further details on target definitions.
Systematic exploration of targets and evaluation of all available geological data, including geological maps, cross sections, structural data, surface geology, geochemistry, geophysics, regolith mapping, alteration profiles, drilling data, cores, analysis of artisanal mining activity, outcrops, and other survey data, ensures a continuous process of developing a structured exploration targets pipeline.
The ongoing exploration programme continues to focus across three parallel tracks:
- Infill and extension drilling of previously delineated starter deposits, including the more advanced Gbongogo South, Koban North, Soman, Petit Yao and ANV deposits, as well as other previously delineated deposits with starter resources;
- Advancing pre-resource targets toward maiden resource definition, such as at ANIII; and
- Testing new targets across the project’s extensive land package, based on systematic drilling of best selected targets to confirm their potential and define starter resources to validate their grade profiles before undertaking larger step-out drilling campaigns.
DETAILS FOR SELECTED NEW SATELLITE DEPOSITS
Gbongogo South deposit on the Gbongogo-Koroutou trend
A total of 6,478 meters of reverse circulation (“RC”) drilling has been completed at Gbongogo South since July 2025, across 35 holes, with the objective of improving resource confidence, extending mineralized envelope extensions and validating the continuity of geological data.
Notable drilling intercepts over this period include the following:
- GBRC0486: 8 meters at 5.09 g/t Au (incl. 1 meter at 12.31 g/t Au and 1 meter at 17.36 g/t Au); 13 meters at 3.50 g/t Au (incl. 1 meter at 25.99 g/t Au); 2 meters at 3.01 g/t Au; 3 meters at 3.86 g/t Au; 3 meters at 1.80 g/t Au; and 3 meters at 1.51 g/t Au;
- GBSRC0508: 7 meters at 1.50 g/t Au; 3 meters at 1.19 g/t Au; 2 meters at 2.89 g/t Au; 8 meters at 4.23 g/t Au (incl. 1 meter at 14.81 g/t Au); 4 meters at 1.05 g/t Au; and 5 meters at 0.81 g/t Au; and
- GBSRC0478: 5 meters at 2.65 g/t Au; 2 meters at 3.96 g/t Au; 12 meters at 1.55 g/t Au.
Mineralisation remains open downdip and along strike, as shown in Figure 3 below. Drilling is in progress which is expected to yield a further resource update.
Figure 3: Gbongogo South plan view showing optimal pit shell and drilling intercept highlights
Koban North deposit on the Gbongogo-Koroutou trend
A total of 3,603 meters of diamond drillhole (“DD”), RC and RC-DD drilling has been completed at Koban North since July 2025, across 31 holes, successfully improving resource confidence and extending mineralized envelopes.
Notable drilling intercepts over this period include the following:
- KBNDD008: 6 meters at 1.74 g/t Au; 2 meters at 2.25 g/t Au; and 14.5 meters at 1.65 g/t Au;
- KBNRC0120: 6 meters at 1.14 g/t Au; 2 meters at 2.00 g/t Au; 5 meters at 1.86 g/t Au; and 4 meters at 1.81 g/t Au;
- KBNRC099: 10 meters at 5.42 g/t Au (incl. 1 meter at 17.68 g/t Au; and incl. 1 meter at 14.94 g/t Au); and
- KBNRC098: 12 meters at 1.45 g/t Au.
Shallow depth exploration step-out drilling in an area approximately 300 meters northeast of the Koban North deposits has intercepted mineralization, suggesting the continuity of the mineralised system extending over 1km in strike length, notably:
- KBNRC0126: 16 meters at 0.94 g/t Au; and
- KBNRC0128: 2 meters at 1.53 g/t Au.
Figure 4: Koban North plan view showing optimal pit shell and drilling intercept highlights
Soman deposit on the Gbongogo-Koroutou trend
A total of 21,648 meters of auger, Air Core (“AC”), RC and DD have been drilled at the Soman deposit to date, culminating in the reporting of maiden resources in the MRE. The Soman deposit hosts a suite of volcano-sediments, with mineralization stretching over a known NE-SW strike of at least 800 meters in length, and across two parallel structures. The splays of mineralization are located approximately 1 kilometer from the main Gbongogo-Koroutou trend, corresponding to a zone of interpreted dilation formed at the intersection of NNE and NE trending strikes, possibly linked to sinistral shear and faulting movement. Mineralization is hosted within the broad package of volcano-sediments, locally affected by fracturing and exhibiting quart-carbonate and quartz-tourmaline veins.
Notable intercepts from recent drilling include:
- SORC0153: 22 meters at 3.52 g/t Au (incl. 1 meter at 16.71 g/t Au; 1 meter at 11.47 g/t Au; 1 meter at 16.75 g/t Au; 1 meter at 11.93 g/t Au); 3 meters at 5.08 g/t Au; and 2 meters at 2.17 g/t Au;
- SORC0110: 9 meters at 7.03 g/t Au (incl. 1 meter at 47.74 g/t Au); 2 meters at 1.28 g/t Au; and
- SORC094: 2 meters at 1.42 g/t Au; 3 meters at 1.25 g/t Au; 10 meters at 2.99 g/t Au; 2 meters at 1.97 g/t Au; 4 meters at 1.21 g/t Au.
Figure 5: Soman plan view showing optimal pit shell and drilling intercept highlights
Mineralisation has been defined to a vertical depth of 150 meters and is still open in all directions. Further infill and step-out drilling is planned throughout 2026, aiming to define the open extensions along strike and down dip, as shown in Figures 6 and 7 below.
Figure 6: Soman 1 block model cross section
Figure 7: Soman 2 block model cross section
Petit Yao deposit
The Petit Yao deposit is located approximately 7km from the Koné processing plant and within the existing mining permit. Since January 2025, the Company completed 22,434 meters of infill and step-out drilling at the Petit Yao deposit, across 378 holes. Drilling included 18,214 meters of RC drilling across 160 holes, 1,393 meters of DD drilling across 10 holes, 1,320 meters of RC-DD drilling across 7 holes and 1,508 meters of auger drilling across 201 holes.
Notable intercepts from the recent drilling programme include:
- PYRC0050: 16 meters at 1.24 g/t Au;
- PYRC0073A: 12 meters at 2.57 g/t Au (incl. 1 meter at 18.47 g/t Au); and
- PYRC0047: 4 meters at 6.72 g/t Au.
The Petit Yao deposit demonstrates significant potential to increase the resource as the latest MRE does not incorporate all results from the ongoing 12,500 meters of RC and DD infill and step out drilling at Petit Yao. The deposit remains open to the northwest and southeast, and at depth, as shown in Figure 8 below.
Figure 8: Petit Yao plan view showing optimal pit shell and drilling intercept highlights
The Petit Yao deposit is interpreted to lie on the limb of a large-scale regional fold with a northwest-trending fold axis, based on geological logging and interpretation of magnetic geophysical data. Lithologies comprise Birimian fine grained sediments intercalated with mafic volcanics, locally intruded by diorite. Mineralisation consists of a set of shear-hosted parallel quartz- pyrite ± tourmaline vein sets, associated with sericite and silica host rock alteration, preferentially exploiting the contact between these lithologies. The main mineralised zone is gently dipping 30° to the southwest and is still open downdip, as indicated in Figure 9 below where the resource model is data constrained.
Figure 9: Petit Yao cross section of block model
ANV deposit on the Sissédougou trend
A total of 6,050 meters of exploration RC drilling has been completed at ANV since June 2025, across 68 holes, successfully improving resource confidence and extending mineralized envelopes, in particular towards the northern extents of the deposits. Previous drilling on the deposit had highlighted potential extensions, whilst infill drilling has consequently improved the confidence of those extensions and demonstrated the continuity of mineralised structures. Drilling continues on the deposit, providing an opportunity for further resource growth throughout the year.
Notable drilling intercepts demonstrating the continuity of mineralisation downdip and along strike include:
- SDRC0301: 38 meters at 1.36 g/t Au; and
- SDRC0281: 7 meters at 2.85 g/t Au (including 1 meter at 17.04 g/t Au).
Additionally, previously identified parallel and sub-parallel structures were drill tested and all were demonstrated to host mineralized extensions, as shown in Figure 10 below, with positive intercepts outside of the current optimised pit shell including:
- NW-splay, RSDRC0318: 7 meters at 5.86 g/t Au (incl. 1 meter at 27.96 g/t Au);
- NE- trending parallel structure, SDRC0278: 5 meters at 1.61 g/t Au;
- NE-trending parallel structure: SDRC0263: 6 meters at 1.11 g/t Au; and
- SW-extension, SDRC0285: 4 meters at 5.86 g/t Au.
Figure 10: ANV plan view showing optimal pit shell and drilling intercept highlights
The 2026 ANV MRE model update incorporates a revised modelling approach, with interval selection guided by geological, structural, alteration and continuity criteria. High grade shoots demonstrate alignment between adjacent drillholes, supporting robust geological continuity and indicating strong potential for down dip extension beyond the current drilling limit.
Figure 11: ANV composite compared to block model grades (left) and domains (right)
Other reported deposits in the updated MRE
The Sena and Diouma North deposits on the Gbongogo-Koroutou trends, the Yeré North deposit on the Yeré trend, and Lokolo Main on the Lokolo Trend have also been subject to a geological re-interpretation, enabling greater resolution of mineralised envelopes. All deposits remain open and subject to further step-out drilling to continue to define the extents of mineralisation. Additionally, drilling took place on the Lokolo Northwest deposit, which shares similar geological and structural characteristics to the Lokolo Main deposit, resulting in a maiden resource in the MRE. The MRE for all other reported deposits reflect an improved modelling approach and explicit modelling of veins sets through the ordinary kriging methodology, whereas they were previous modelled under multiple indicator kriging.
UPCOMING GROUP CATALYSTS
Key upcoming catalysts across the Company include:
Table 3: Key upcoming catalysts
| PROPERTY | CATALYST |
| Koné project |
|
| Didievi project |
|
| Wendé property |
|
| Mauritania greenfield properties |
|
ABOUT MONTAGE GOLD
Montage Gold Corp. is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024, the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in late Q4-2026. The Company has also built a high-quality, multi-asset growth pipeline including the Didievi and Wendé properties in Côte d’Ivoire, and a portfolio of prospective exploration tenements in Mauritania
Posted June 15, 2026
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Goldgroup Closes Purchase of the San Francisco Gold Mine Acquiring 100% of Molimentales Del Noroeste, S.A. de C.V.
Goldgroup Mining Inc. (TSX-V: GGA) (OTCQX: GGAZF) (FSE: 55G0) is... READ MORE
June 15, 2026
AbraSilver Reports 2026 La Coipita Project Drill Results; Best Hole Returns 748 Metres of 0.69% Copper, 0.06 g/t Gold and 142 ppm Molybdenum
Drilling Confirms Continuity of Large-Scale Mineralized System &a... READ MORE
June 15, 2026
First Phosphate Closes Oversubscribed Private Placement to Existing and Follow-on Investors
First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPH... READ MORE
June 15, 2026
Surge Copper Announces Results of Berg Pre-Feasibility Study with After-Tax NPV8% of C$4.6 billion and 24% IRR
Confirms Berg as one of Canada’s most significant critical mine... READ MORE
June 15, 2026
